P&C Underwriter - Contract Underwriting (Excess & Surplus)

Nationwide Mutual Insurance•Scottsdale, AZ

1d•Remote

About The Position

The P&C Underwriter evaluates risks for Nationwide’s Excess & Surplus/Specialty lines, determining risk acceptability, pricing, coverage, terms, and conditions for risks of basic technical complexity and within limited authority. The role reviews claims and loss history and takes appropriate action on accounts, programs, or territories to meet production, profitability, and loss-ratio goals. It also develops, negotiates, and implements business plans to support premium and profit objectives, and may use knowledge of reinsurance placement requirements for individual accounts. The Underwriter works with agents, brokers, program managers, reinsurers, and internal underwriting partners to assess and price new and renewal business, maintain policies, address mid-term requests, and support business growth and retention. The role is remote and may be filled in any of the lower 48 U.S. states. Travel out of state is required several times a year, with in-town entertaining as necessary after 5:00 P.M. The position is exempt and not eligible for overtime.

Requirements

Three years of related experience or prior experience as an underwriter; excess and surplus lines experience is preferred.
Knowledge of underwriting policies, practices, and procedures; insurance law; underwriting marketing principles and techniques; rating plans; treaty and facultative reinsurance concepts; agency systems; company operations; regulatory issues; and market conditions.
Ability to analyze insurance risks for acceptability, including policy language, commercial rating plans and methodologies, and reinsurance.
Ability to manage assigned lines of business, potentially including monitoring aggregates.
Ability to work with the wholesale/general agency distribution system.
Effective oral, written, and interpersonal communication skills, including communication by telephone, fax, email, and in person.
Advanced negotiation skills.
Ability to devise business solutions, implement appropriate actions, and monitor their effectiveness.
Ability to make decisions with minimal supervision.
Ability to use or learn job-related computer software.
Regularly and consistently demonstrate Nationwide Values.
The position does not qualify for employer-sponsored work authorization; Nationwide does not participate in the STEM OPT Extension program.

Nice To Haves

Undergraduate degree; equivalent work experience may be considered in lieu of a degree.
Completion of general insurance courses or designations such as CPCU, CIC, AU, ARM, CPIW, CWIS, or ASLI.
Prior excess and surplus lines underwriting experience.

Responsibilities

Review risks submitted by agents, brokers, or program managers and accept or decline business based on the information needed to make an underwriting decision.
Analyze exposures to loss, determine appropriate premiums, and select endorsements and exclusions for insurance contracts.
Achieve individual and team production, profitability, service, and loss-ratio objectives through broker management, territory management, and marketing.
Recommend corrective action on individual risks.
Quote, price, and underwrite new and renewal policies and endorsements, particularly for complex or service-sensitive accounts.
Monitor risk selection and pricing across agency books of business and individual accounts.
Analyze premium and loss results by agency, broker, state, major business class, and program; audit policies for compliance with company guidelines and develop action plans as needed.
Handle policy maintenance and mid-term requests, review endorsement requests, process policy changes, and follow up on outstanding information.
Review loss-control reports and make recommendations to underwriting leaders, agents, or policy terms as appropriate.
Review claim activity and take appropriate action.
Build and maintain relationships with agents and brokers, resolve agency conflicts, and strengthen internal and external relationships through regular underwriting contact.
Travel to agency offices for audits, training, or marketing visits and entertain visiting agents as required.
Contribute marketing ideas and strategies for underwriting seminars and campaigns; market Nationwide products and services, including enterprise products.
Help agencies with pipeline management, producer development, and new-business strategies for targeted industries and preferred markets.
Assess accounts and develop business propositions to win business.
Develop technical and business knowledge through internal and external learning opportunities.
Perform other responsibilities as assigned.

Benefits

Medical, dental, and vision coverage.
Life insurance.
Short- and long-term disability coverage.
Paid time off, with newly hired associates receiving a minimum of 18 days per full calendar year, prorated quarterly based on hire date.
Nine paid holidays.
Eight hours of Lifetime paid time off.
Eight hours of Unity Day paid time off.
401(k) with company match.
Company-paid pension plan.
Business casual attire.